Tue, 20 Feb 2007
Actual foreign direct investment (FDI) in Indonesia dipped in January from the same period last year, data showed on Thursday (15/2/07), but the state investment agency (BKPM) said full-year investment is likely to pick up.

The agency said actual FDI last month fell to Rp2.7 trillion ($298.6 million). Investment approvals in January, however, rose to $1.19 billion from $463 million in the same month last year and the investment agency said it expects last month’s fall in actual FDI to be only temporary.

"We can't expect the same figure every month. It is normal if the data fluctuates. When there is a project worth billions of dollars the investment figure may jump sharply and similarly otherwise," Darmawan Djajusman, deputy of promotion and investments at the agency, told Reuters.

"But overall, we still expect investment to grow 15% this year from last year," Djajusman said.



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